In this issue

May 20, 2024

Women share in urban salaried jobs at 6-yr low

The share of women employed in regular ☐ salaried jobs in urban India hit a fresh low in the January-March quarter (Q4) of 2023-24 (FY24).

2 mins

NARAYANAN VAGHUL (1936-2024) 'Vaghul style of leadership created a factory of leaders'

RENUKA RAMNATH My first encounter with N Vaghul, was in 1986, when I joined ICICI as a junior officer on probation.

2 mins

Gold loans still shining

Regulatory scrutiny of such lending is growing but it is unlikely to slow down business, reports RAGHU MOHAN

3 mins

MIGRATION, PROMOTION, CONVERSATION

What lies ahead for the India-EFTA free-trade deal?

5 mins

A higher interchange is critical for ATM business'

A decade after white-label ATM operators (WLAOS) came into play, only a shade more than 30,000 units have been set up by them.

2 mins

Closure of old credit card can negatively impact credit score

If the card is old and expensive but not useful, downgrade it to a no-fee card

4 mins

'Market assumes easy re-election for incumbent govt'

The recent spike in volatility, often observed preceding big events, is compounded by quarterly earnings and a renewed focus on China, according to PRATIK GUPTA, chief executive officer and co-head of Kotak Institutional Equities.

3 mins

Valuation swell prompts balanced advantage funds to lower sails

ADJUSTING TO MARKET TIDES: Large BAFs trim net exposure to below 60%

2 mins

Japan's stock market dawn: The new Land of Rising Equities

CLEAR SKIES AHEAD: Chris Wood of Jefferies spots promise in its bank stock breakout

2 mins

USA Inc: Woke vs greed

It's been 14 years since Goldman Sachs was vilified as a \"vampire squid\" by Matt Taibbi in Rolling Stone.

3 mins

Jobs, cronyism, and welfare

A lacklustre campaign throws up some differences in economic strategy ore than 10 days remain in this general election campaign, and it is fair to assume that few new issues will be raised in the time that remains.

4 mins

Economy: From Modi 1.5 to Modi 3.0

As we get closer to the final stages of the 2024 general election, we are being told that plans for Modi 3.0 are ready.

3 mins

Didi co-founder steps down after a decade

Didi Global Inc President Jean Liu is relinquishing her roles as president and board director of China's ridehailing giant after almost a decade in the positions, as the company tries to revive growth following a regulatory crackdown by the government.

2 mins

BlackRock sans Fink? Shareholders fret about future

Laurence D. Fink built BlackRock into the world's largest asset manager with a steely grip, a thick skin and a cleareyed vision of what the company could become.

1 min

Are those mimes spying on us? In Pakistan, it's not a strange question

The street performers first appeared a few years ago along busy intersections of Islamabad.

2 mins

Suspense after Iranian prez copter makes hard landing

Raisi, along with FM Amirabdollahian, was travelling in Iran's East Azerbaijan province

1 min

India's Cloud spend has a lot of catching up to do

India's expenditure on Cloud is far behind the global average despite the country's push towards digitisation keeping pace with technologies like artificial intelligence.

1 min

'Have no immediate requirement to be a universal bank'

Suryoday Small Finance Bank (SFB) MD & CEO BASKAR BABU RAMACHANDRAN tells Manojit Saha in an interview in Mumbai that it will take at least two years before the SFB considers becoming a universal bank. Edited excerpts:

3 mins

Chabahar port deal a step forward but questions remain

Last Monday, India Ports Global Ltd (IPGL), a subsidiary of the government-owned Sagarmala Development Company Ltd and Ports and Maritime Organisation of Iran entered into an agreement to let IPGL operate 5 berths at the Shahid Beheshti terminal of the Chabahar Port, Iran, for the next 10 years.

2 mins

'Confident of BJP making a clean sweep in MP'

After having just concluded nearly 300 rallies and roadshows in Madhya Pradesh (MP), Chief Minister MOHAN YADAV is tasked by the Bharatiya Janata Party (BJP) to campaign for candidates in other states, too. Retiring for the day after holding rallies in Bundelkhand and Delhi recently, Yadav over a dinner interview with Nitin Kumar at Madhya Pradesh Bhavan in New Delhi says that his party would secure a clean sweep in MP and also achieve Prime Minister Narendra Modi's target of \"400 paar\". He also outlines his vision for MP's development. Edited excerpts:

4 mins

From Chandni Chowk to Connaught Place, weak demand worries businesses

The mercury has crossed 45 degrees Celsius and yet the Jama Masjid area in Old Delhi is buzzing with activity.

4 mins

Offering toy planes to fly abroad

Talhan gurudwara epitomises the dream of youth in Punjab to have a life beyond India's borders, in the face unfulfilled government promises and farmer protests, besides emulating others. SARTHAK CHOUDHURY report

3 mins

Kejriwal leads AAP protest, but Congress, BJP hit back

Asked to break silence on Maliwal issue

2 mins

On Rajnath's seat, SP looks to put up a fight

In the bustling bylanes of Lucknow's famous Hazratganj, lies a 70-year-old tea joint - Sharma Ji ki Chai.

1 min

Top guns hit Delhi streets, Oppn bloc yet to smooth out rough edges

Rahul makes concerted push for 'united front'; mention of alliance missing in AAP rallies

3 mins

Phase-V polls to lock fate of Rahul, Goyal today

Forty-nine Lok Sabha constituencies across eight states and Union Territories, including high-stakes seats of Union ministers Piyush Goyal in Mumbai North, Rajnath Singh in Lucknow, and Smriti Irani in Amethi, and Congress leader Rahul Gandhi in Rae Bareli, will vote on Monday in Phase-V of the elections.

1 min

Infrastructure dominates Mumbai's discourse

In 2014, Maharashtra's then-ruling party inaugurated Mumbai's first metro line in a hurry after a former MP from the opposition party threatened to launch it in a personal capacity if the government delayed it.

2 mins

'Will invest €1,000 cr in next 3 years'

Consumer preferences are undergoing a significant shift, driven by rising disposable incomes and a penchant for experimentation, particularly in the beverages sector. Som Distilleries & Breweries has seen a surge in demand for premiumisation, especially in Indian single malt whisky. As the company gears up for expansion and introduction of new offerings, J K ARORA, chairman and managing director of the alcobev company, talks about the market trends and robust growth trajectory in a video interview with Aneeka Chatterjee. Edited excerpts:

2 mins

Firms may reconsider payment aggregator biz

Online payment aggregators (PAs), especially those for whom PA service is not a core business, may reconsider being in the trade owing to challenges of scale, profitability, and a high cost of compliance.

2 mins

TaMo to invest ₹43K cr in products, tech in FY25

Mumbai-based auto major Tata Motors will be investing ₹43,000 crore for products and technologies in 2024-25.

1 min

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